Word: derick
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Dates: during 1950-1959
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Three of the U.S.'s good friends and hard-bargaining customers agreed last week to take more U.S. goods. They did so with appropriately pretty speeches. "Equity if not gratitude" requires it, said France's Finance Minister Antoine Pinay. Britain's Chancellor of the Exchequer Derick Heathcoat Amory launched into a tribute "to the invaluable help that we and all other countries in the free world have received from the U.S. in economic aid during the difficult postwar period...
...posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable balance of trade with the U.S. since 1865 (TIME, Aug. 31), Chancellor of the Exchequer Derick Heathcoat Amory proudly announced in the House of Commons that Britain was immediately repaying all $250 million, plus $5,500,000 in interest, an impressive 5½ years ahead of schedule...
...Derick Heathcoat Amory, 59, Chancellor of the Exchequer. A tall, angular bachelor who has served ably in several ministries (Pensions, Board of Trade, Agriculture), Heathcoat (pronounced hethcut) Amory never appears to seek power, but is ready and willing when it is thrust upon him. Many British pols believe that he will eventually make his muted, diffident way to the Prime Ministry itself, but his age, even more than Rab Butler's, is against him. For the present he will probably keep his job at the Treasury...
...Obsolete or Obsolescent." Gaitskell's lavish promises promptly evoked an outraged reply from Tory Chancellor of the Exchequer Derick Heathcot Amory. The Labor program, said Heathcot Amory, is "irresponsible," could only result in "huge increase of public expenditure, sharp rise in taxation, and a return to inflation with severe danger to our balance of payments...
...billion. Last week after Timken Roller Bearing Co. had offered $30.5 million for the outstanding British-held shares of British Timken Ltd., Laborite Harold Wilson rose in the House of Commons to ask whether the trend was not "cause for alarm or action." Calmly replied Chancellor of the Exchequer Derick Heathcoat Amory: "I should remind you that the amount of net investment we have made abroad enormously exceeds any net foreign investment made in this country over recent years." Wrote the News Chronicle's Michael Gassman: "There should be no scare that the Yanks are coming. They are already...